Category: Business

BusinessTechnology

Asia-Pacific Markets Brace for Lower Open Following Wall Street Slump on Trade Tensions

Asia-Pacific markets are poised for a lower opening Thursday as trade tensions between the U.S. and China resurface. Investors are closely monitoring the Bank of Korea’s policy decision amid growing economic concerns across the region.

Market Declines Spread Across Asia-Pacific Region

Asia-Pacific markets were reportedly set for a lower opening Thursday, mirroring Wall Street’s declines as concerns about U.S.-China trade relations resurfaced. According to market analysts, the downward trend reflects growing investor anxiety about potential new trade restrictions between the world’s two largest economies.

by Nathan Cross
BusinessSoftwareStartups

Modern Treasury Integrates Stablecoin Capabilities Through Beam Acquisition

Modern Treasury has acquired Beam to integrate stablecoin and fiat payment capabilities into its global money movement infrastructure. The combined platform reportedly enables instant payouts and more efficient treasury operations. Industry analysts suggest this move reflects growing stablecoin adoption in practical financial applications.

Strategic Acquisition Expands Payment Capabilities

Modern Treasury has completed its acquisition of Beam, bringing together infrastructure for global money movement with stablecoin and fiat payment orchestration, according to reports from the companies. The transaction, announced in an October press release, positions the combined platform to offer enhanced payment solutions that bypass traditional banking limitations.

by Henry Blakemore
AIBusinessTechnology

Tesla Q3 Profits Decline Over 25% Amid Strategic Shift to AI and Robotics

Tesla reported a significant 29% decline in adjusted net income despite achieving record vehicle deliveries. The electric vehicle maker’s strategic pivot toward artificial intelligence and robotics contributed to rising operational expenses while regulatory credit revenue plummeted.

Financial Performance Overview

Tesla’s third-quarter financial results revealed a notable divergence between revenue growth and profitability, according to company filings released Wednesday. The electric vehicle manufacturer reportedly saw adjusted net income decline 29% to $1.8 billion, falling short of analyst expectations of $1.9 billion. Meanwhile, revenue increased 12% to $28.1 billion, exceeding the $26.6 billion consensus estimate from Visible Alpha analysts.

by Henry Blakemore
AIBusinessTechnology

Market Shifts as Meta Restructures AI Division and GE Vernova Eyes OpenAI Partnership

Meta Platforms is reportedly laying off 600 employees from its AI superintelligence lab while forming a $10 billion data center joint venture. Meanwhile, GE Vernova’s CEO revealed ongoing discussions with OpenAI, hinting at potential power supply collaborations amid a broader tech sell-off.

Market Downturn and Defensive Shifts

Stocks experienced significant selling pressure on Wednesday, with profit-taking particularly affecting technology and AI infrastructure sectors, according to market analysis. The downturn reportedly extended to unprofitable, speculative stocks, while defensive sectors like consumer staples and healthcare outperformed. Analysts suggest renewed U.S.-China trade tensions contributed to the sell-off after Reuters reported the Trump administration might curb exports of products using U.S. software.

by Nathan Cross